Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

FIXED TERM TENANCY

When tenancy expires at the end of the lease. A new landlord does not change this. It is also not changed by the property changes or destruction that occurs. AKA tenancy for

FLASH PRICE

The current price of a security; during very heavy volume sessions on an EXCHANGE, quote tickers become delayed with

FLEXIBILITY

How a system can change in a range and time frame. It applies to manufacturing.

FLEXIBLE WORK

When a worker gets to decide how work will be done and how to schedule. Limits may be put on this regarding core time coverage. Limits are also put on the minimum

FLOATER

(1) In INSURANCE, an ENDORSEMENT that allows coverage of moveable property to be transferred with the property between locations. (2) See FLOATING RATE NOTE.

FLOOR TRADER

A member of the stock exchange that executes orders on their account. Refer to floor broker.

FLUOROSIS

Losing teeth or joint deformities that is caused by flourides in water and food.

FOLLOWSHIP

Taking direction from a leader in a company. Both leaders and followers are needed to make a company work.

FOOD WEB

Food chains or relationships that nutrients pass on from one species to another.

FORM 10-K

Directors’ report in an official US format.

FORMULA INVESTING

Using the movement of specific indices at a preset limit, below or above a values, preset limit in the decision to transfer funds among different types of investments, as in from stocks

FORWARD EXCHANGE RATE

Contracted rate and future, or forward, date for currency spot (between two days) or exchange (more than two days) purchase and sale.

FORWARD PRICING

Contract or order budget negotiation preparation by projecting variable costs.

FOUL BILL OF LADING (B/L)

B/L documenting carrier issues with the goods to be shipped. These adverse remarks or notations are known as ‘clauses’. Issues with the goods or its packaging are varied. Examples: look wet, damaged,

FRACTIONAL DISTILLATION

Separation process using the different boiling points of various compounds of volatile components in a mixture. As the compound boils into vapor, components are split from the remaining brew. As the vapor

FRANCHISE CLAUSE

Marine insurance position other that a ship sinking or stranding requiring a claim be a certain minimum amount or percentage of loss.

FREE CAPITAL RATIO

Measures bank’s ability to use free capital without having to liquidate its fixed assets to absorb bad debts. Formula: Free capital divided by bad debts.

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